Domino’s Pizza Enterprises shares fall after US parent misses sales growth expectations
Make us a preferred source
Make us a preferred source on Google
The news: Shares in Domino’s Pizza Enterprises fell in afternoon trade, tracking overnight losses for the Nasdaq-listed parent company after it delivered lower than expected third quarter US same-store sales growth.
The numbers: At 2:07pm AEST, shares in Domino’s Pizza Enterprises had slipped 10% to $15.97 and are down 26.8% in the year to date.
The context: The revenue generated by the Domino’s Pizza Enterprises global franchise business does not count towards the revenue figure for the US-parent company, but the two entities are working together on marketing and sales growth.
